Ford’s fork in the road: EV, internal combustion are split

Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology and the Detroit automaker said Wednesday that its transformation into an EV company is accelerating. Ford plans a major restructuring with two distinct but strategically interdependent auto businesses – Ford Blue focusing on traditional…

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Russia Bans Payments To Foreigners Holding Rouble Bonds, Shares

Russia Bans Payments To Foreigners Holding Rouble Bonds, Shares

MOSCOW (Reuters) – Foreign investors are effectively stuck with their holdings of Russian stocks and rouble-denominated bonds after the central bank put a temporary halt on payments and major overseas’ settlement systems stopped accepting Russian assets. Moscow is blocking foreign investors, who hold tens of billions of dollars worth of Russian stocks and bonds, from…

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European Stocks Slip, Oil Passes $110, As Ukraine Crisis Continues

European Stocks Slip, Oil Passes $110, As Ukraine Crisis Continues

By Elizabeth Howcroft LONDON (Reuters) – Stocks came under renewed pressure and oil spiked further on Wednesday, as Russia showed no signs of stopping its assault on Ukraine. A week after Russian President Vladimir Putin ordered a full-scale invasion of its neighbour, the bombardments of Ukrainian cities continued while Western nations tightened sanctions on Moscow….

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